Jersey Electricity (LON:JEL) Shares Cross Below 50-Day Moving Average – Here’s Why

Jersey Electricity plc (LON:JEL) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 428.76 ($5.54) and traded as low as GBX 420 ($5.42). Jersey Electricity shares last traded at GBX 448.50 ($5.79), with a volume of 2,452 shares.

Jersey Electricity Trading Up 3.1 %

The stock has a market capitalization of £139.69 million, a P/E ratio of 12.41 and a beta of 0.18. The company has a current ratio of 2.81, a quick ratio of 2.90 and a debt-to-equity ratio of 13.96. The stock’s fifty day moving average price is GBX 428.76 and its two-hundred day moving average price is GBX 431.32.

Jersey Electricity (LON:JEL) last announced its quarterly earnings data on Wednesday, December 18th. The company reported GBX 37.92 ($0.49) earnings per share for the quarter. Jersey Electricity had a net margin of 8.57% and a return on equity of 4.58%. Equities research analysts forecast that Jersey Electricity plc will post 29.6610169 EPS for the current year.

Jersey Electricity Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 20th were issued a GBX 12 ($0.15) dividend. This represents a dividend yield of 2.73%. This is a positive change from Jersey Electricity’s previous dividend of $8.40. The ex-dividend date of this dividend was Thursday, February 20th. Jersey Electricity’s payout ratio is presently 55.35%.

Insider Transactions at Jersey Electricity

In other news, insider Christopher Ambler purchased 4,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of GBX 425 ($5.49) per share, for a total transaction of £17,000 ($21,949.64). Company insiders own 0.44% of the company’s stock.

About Jersey Electricity

Jersey Electricity plc, together with its subsidiaries, engages in the generation, transmission, distribution, and supply of electricity in Jersey. The company provides energy solutions for domestic and commercial customers looking to switch from fossil-fuel-based energy to clean and low-carbon electricity; and electric heating and hot water, electric transport, outdoor and indoor lighting, electric commercial kitchens, air conditioning, renewable energy, and CosyCare maintenance solutions.